Cruise Industry Contributes €37.9 billion to European Economy

The Cruise Lines International Association Europe (CLIA Europe) reports that the cruise industry contribution to the European economy rose to a record €37.9 billion in 2012 (from €36.7 billion in 2011), up 31 percent from 2007. The growth of the European cruise industry has continued despite the global economic slowdown, CLIA Europe figures show.

About 5.7 million passengers embarked on a cruise from a European port last year, a 2.5 percent increase over 2011. The industry generated jobs for over 327,000 people across Europe, up from 315,500 the year before. The manufacturing sector, led by shipyards, accounted for 46 percent of the cruise industry’s direct expenditure, 23 percent of the jobs generated, and 31 percent of the direct employee compensation.

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